July 23, 2008

SEC Charges Ann Arbor-Based Company and Former Executive in Accounting Fraud Scheme

By: Securities and Exchange Commission

Washington, D.C., July 22, 2008 — The Securities and Exchange Commission today charged an Ann Arbor, Mich.-based company and a former executive in an accounting fraud scheme that ultimately cost the company more than $437 million...

July 23, 2008

U.S. Labor Department proposes regulations to improve disclosure of fees and expenses to workers with 401(k)–type benefit plans

By: U.S. Department of Labor

WASHINGTON — The U.S. Department of Labor today announced a proposed rule that will make it easier for an estimated 65 million participants covered by 401(k)-type plans to make informed retirement savings decisions. The proposal...

July 23, 2008

SEC Alerts Compliance Officers About Deficiencies and Weaknesses Found During Recent Compliance Examinations

By: Securities and Exchange Commission

Washington, D.C., July 22, 2008 — The Securities and Exchange Commission staff today released a new ComplianceAlert letter identifying common deficiencies and weaknesses that SEC examiners have recently found during compliance...

July 21, 2008

28 Percent Of Major Public Companies Fail To Fully Comply With Key Tax Reserve Disclosure Requirements; FIN 48 Shortfalls Highest Among Airlines, Utilities, Energy Sectors, Say Seigel & Associates Analysts; Firms Grapple With Rules Requiring 'Accounting For Uncertainty In Income Taxes' In First Annual Reporting Period

By: Business Wire

More than one-quarter of large public companies are not meeting the disclosure requirements for tax reserves required by the Financial Accounting Standards Board rule known as FIN 48.

Analysis of annual reports filed with the...

July 17, 2008

On The Trail Of Tax Evaders; Senate Report Today Alleges Foreign Banks Help Hide Wealthy Americans' Money

By: USA TODAY
Kevin McCoy

One operates an estimated $63 billion portfolio of 118 shopping centers and malls in the U.S., United Kingdom, Australia and New Zealand.

Another manufactures and markets toys through a company with an estimated $35 million in...

July 11, 2008

Corporate Finance: A Practical Approach - Out Now

By: Business Wire

Research and Markets (http://www.researchandmarkets.com/research/3abb83/corporate_finance) has announced the addition of the "Corporate Finance: A Practical Approach" report to their offering.

July 20, 2008

Boom And Bust: It's The American Way; IndyMac's Crisis Is Hardly Unique. Bank Panics Have Been With Us From The Beginning.

By: Los Angeles Times
Jane Kamensky, Jane Kamensky teaches history at Brandeis University and is the author of "The Exchange Artist: A Tale of High-Flying Speculation and America's First Banking Collapse."

Earlier this month, my mother-in-law called from Pasadena, in dire need of consultation with my husband, who serves as the family's unofficial Ben Bernanke. "Denny," she said, "rumors are flying around here. Should I pull my...

July 13, 2008

KEEP A CLOSE WATCH ON CORPORATE ACCOUNTS

By: St. Petersburg Times (Florida)

In recent years our corporate and investment sectors have been roiled by scandals that could have been avoided had regulators been on the job. The collapse of huge entities like Enron was the result of blatant and self-serving...

June 30, 2008

Four Fundamental Rules For Financial Security

By: Christian Science Monitor
Kathleen Connell

In today's harsh economy, it may seem contradictory that many Americans in their 20s are earning quite healthy salaries. Those with engineering, economics, or nursing degrees make beginning salaries of more than $50,000. After...